Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0809%/8h= +88.5% APRpaid last 24h +0.181%

Price spread now: Lighter against Binance+0.579%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$2012.011% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.684%+$68 on $10k

Price spread, last 4 days (all we have)−0.604%−$60 · spread now +0.579%, 7d avg +0.031%

Together, before fees+0.080%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.548% dearer against Binance than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRASSUSDT	0.4360	0.0327	pay 0.0164% / 4h	2h 52m	$10.5M	$11.7M	75x
Short	Lighter GRASS	0.4385	0.1136	get 0.0142% / 1h	52m 59s	$696K	$502K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee LighterbpOrdersPrice spread, now +0.579%Rate

Funding earned: $169.8
Price spread: +0.579% → +0.031%: $54.79
Slippage, 4 orders: −$191.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $23.46
Costs to cover: 2.011%
Break-even: 6.0 days

Slippage from Binance: live order book, 2 min ago; Lighter: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	2.28 bp	22.5 bp −$22	90.2 bp −$902	doesn't fit	doesn't fit
Sell Lighter live order book, 31 min ago	57.16 bp	58.5 bp −$58	165.6 bp −$1,656	doesn't fit	doesn't fit

GRASS on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya GRASSRUSDPERP	−0.0115%	1h	0.4367	+0.156%	$656	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4349	−0.256%	$24.0M	$8.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4364	+0.088%	$3.1M	$5.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4359	−0.027%	$1.2M	$916K	50x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4368	+0.180%	$1.5M	$857K	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4361	+0.015%	$5.0M	$1.8M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4331	−0.669%	$1.4M	$317K	—	as long as short
BingX GRASS-USDT	+0.0304%	4h	0.4350	−0.233%	—	$7.0M	—	as long as short
MEXC GRASS_USDT	+0.0326%	4h	0.4353	−0.164%	$1.4M	$890K	100x	as long as short
Binance GRASSUSDTlong	+0.0327%	4h	0.4360	long leg	$10.5M	$11.7M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0328%	1h	0.4362	+0.034%	$215K	$817K	10x	as long as short
BloFin GRASS-USDT	+0.0351%	4h	0.4361	+0.019%	$558K	$248K	20x	as long as short
Hyperliquid GRASS	+0.0412%	1h	0.4378	+0.407%	$16.2M	$2.2M	3x	as long as short
Lighter GRASSshort	+0.1136%	1h	0.4385	+0.579%	$696K	$502K	5x
Aster GRASSUSDT	+0.1540%	4h	0.4377	+0.378%	$67K	$109K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1543%	1h	0.4363	+0.073%	$164K	$58K	20x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−2.137%	$7	$23K	5.5x	as long as short